Bitcoin Defies Sell-Off, Recovers to Key Support Level
Bitcoin rebounded into its ascending channel after a brief breakdown, raising questions about the rally's continuation.
Bitcoin rebounded into its ascending channel after a brief breakdown, raising questions about the rally's continuation. Bitcoin (BTC) is trading at ₹77,44,389 ($81,455.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by Crypto Daily, with live market data added, as of Sun, 18 Oct 2026 01:15:02 UTC.
Bitcoin's recovery within its ascending channel is crucial as it indicates potential resilience against broader market pressures, influencing investor sentiment and near-term price direction.
- Bitcoin briefly broke below its ascending channel but recovered by day's end.
- The recovery occurred despite a sell-off in AI and precious metals sectors.
- BTC price remains near $81,336 with a 24-hour decline of 0.21%.
- XRP Price Recovers After $184M Binance Inflow Despite Support Level Breach
- Bitcoin Defies Sell-Off, Recovers to Key Support Level — this brief
On Thursday, 
Bitcoin experienced a brief breakdown below its ascending channel, influenced by poor U.S. inflation data that triggered sell-offs in AI and precious metals sectors. This downward movement raised concerns about the cryptocurrency's immediate price trajectory.
However, Bitcoin bulls staged a strong recovery, pushing the price back into the ascending channel by the end of the day. This rebound indicates potential resilience and has left investors questioning whether the recent downturn was a temporary blip or a precursor to further declines.
The recovery comes amidst a broader market that remained relatively flat. Bitcoin's 24-hour price change stands at -0.21%, with its current price hovering around $81,336. This performance contrasts with the 7-day trend, which shows a more pronounced decline of 1.94%.
The total cryptocurrency market cap stands at $2.79 trillion, reflecting the market's cautious stance. The Fear & Greed Index remains at 53, indicating a neutral sentiment among investors.
The key level to watch is whether Bitcoin can sustain its position within the ascending channel. A failure to do so could signal increased volatility and potential downside risk, while continued support may bolster confidence in the ongoing rally.
Since this brief published about 40 hours ago, Bitcoin (BTC) has moved from ₹77,33,075.26$81,336.00 to ₹77,44,389.27$81,455.00 — +0.15%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.50M (about $81,455.00), down 0.0% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Defies Sell-Off, Recovers to Key Support Level — questions & answers
What caused Bitcoin's brief breakdown?
Poor U.S. inflation data triggered sell-offs in AI and precious metals, impacting Bitcoin.
Is Bitcoin's rally still intact?
The recovery back into the ascending channel suggests potential resilience, but sustained support is needed to confirm the rally's continuation.
How did the broader market react?
The overall market remained flat, with a total crypto market cap of $2.79 trillion and a Fear & Greed Index of 53.
How much is 1 Bitcoin worth in rupee today?
About ₹8.50M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,455.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.15% since this brief first published — trading at ₹77,44,389 ($81,455.00) now versus ₹77,33,075 ($81,336.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.